Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $236,993.94 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 11,334 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $20.91, for a total transaction of $236,993.94. Following the sale, the chief executive officer owned 1,158,769 shares of the company’s stock, valued at $24,229,859.79. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $20.48 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $570.98 million, a price-to-earnings ratio of 11.13 and a beta of 0.57. Bridgewater Bancshares, Inc. has a 52 week low of $14.90 and a 52 week high of $22.59. The firm’s 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $19.11.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.42%. The firm had revenue of $40.89 million during the quarter, compared to the consensus estimate of $41.43 million. As a group, equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after purchasing an additional 827,141 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at approximately $3,862,000. Ancora Advisors LLC purchased a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at approximately $3,426,000. Curi Capital LLC bought a new position in Bridgewater Bancshares in the 2nd quarter worth approximately $2,029,000. Finally, Mendon Capital Advisors Corp bought a new position in Bridgewater Bancshares in the 2nd quarter worth approximately $2,029,000. Institutional investors own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Piper Sandler boosted their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bridgewater Bancshares presently has an average rating of “Moderate Buy” and an average price target of $22.00.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.